Staff Reporters

Advise that it has today formalized arrangements to raise up to $1,070,000 by way of an issue of up to 38,250,000 fully paid shares at an issue price of 2.8 cents per share.

Kimberley Diamond Company NL directors Karl Simich and Miles Kennedy have increased their indirect interest in the company by each acquiring 500,000 shares at a value of $402,500.

Hills location.

Level 9, The Quadrant Building, 1 William Street, PERTH, WA 6000; Ph: (08) 9327 1764, Fax: (08) 9327 1778

Macquarie Bank Ltd became a substantial shareholder with a relevant interest of 32,955,008 ordinary shares (26.85%).

Wallbay Pty Ltd increased its relevant interest from 1,094,180 ordinary shares (5.39%) to 1,190,051 ordinary shares (5.86%).

Advise that 2,476,192 ordinary fully paid shares will be released from escrow on 20 December 2006.

General Meeting will be held at 98 Colin Street, West Perth, at 10.00 am on 5th January, 2007.

WESTERN Australia’s owner-occupier market remains has slowed substantially in the past two months with the number of housing finance commitments dropping again in October, though the dollar value rose

Neil Roberts has joined Midwest Corporation Ltd as general manager government and public affairs. Mr Roberts was formerly special advisor to the premier and the minister for resources.

Provision of Nortel equipment and maintenance - 3D Netwoks: $480,000

SG Hiscock & Co Ltd ceased to be a substantial shareholder.

Mount Gibson Iron Ltd increased its relevant interest from 671,304,094 ordinary shares (59.34%) to 712,137,735 ordinary shares (62.89%).

Fatty Holdings Pty Ltd decreased its relevant interest from 67,143,261 ordinary shares (19.99%) to 30,000,000 ordinary shares (8.93%).

Name change agreed to at AGM to Discovery Metal Ltd

ILUKA Resources Ltd has appointed David McMahon to the position of chief financial officer, effective January 29 2007, following the implementation of a new organisational structure at the company.

185 powered sites, seven hectares (17.5 acres), 4x2 home, nine chalets, on the beach, room to improve, new 21-year shire ground lease (lessee owns development, rent only $30,000pa).

PearlStreet Ltd has appointed Peter Coldwell (far left) as branch manager of the company’s newly opened regional headquarters in Bunbury.

The Australian Journal of Mining is holding its 10th annual Global Iron Ore & Steel Forecast Conference, February 28 to March 1 at Burswood Entertainment Complex.

Carrousel Capital Ltd became a substantial shareholder with a relevant interest of 11,706,188 ordinary shares (8.73%).

M&G Investment Management Ltd, M&G Ltd, M&G Group Ltd, Prudential plc increased its relevant interest from 32,852,245 ordinary shares (14.1%) to 35,046,913 ordinary shares (15.04%).

PMA Capital Management Ltd & PMA Investment Advisors Ltd decreased its relevant interest from 27,578,066 ordinary shares (5.88%) to 17,428,066 ordinary shares (4.98%).

Has placed 22 million fully paid ordinary shares at 10 cents per share to clients of Shaw Stockbroking including new substantial institutional investors.

TELECOMMUNICATIONS management firm Stratatel Ltd has set its sights on the Western Australian market with the recent acquisition of Burswood-based integrated software and services business, Vircom Pty

Jacqui Preshaw has been appointed as principal of architecture and design firm Woodhead, having joined the company in 1986.

The Minister for Revenue and Assistant Treasurer recently announced that the Superannuation Industry (Supervision) Act 1993 will be amended to allow superannuation funds to invest in instalment warran

Mount Gibson Iron Ltd increased its relevant interest from 626,327,371 ordinary shares (55.35%) to 647,700,251 ordinary shares (57.25%).

Sinom (Hong Kong) Ltd increased its relevant interest from 19,400,000 ordinary shares (6.48%) to 34,645,624 ordinary shares (8.1%).

Advise that 1,000,100 ordinary securities will be released from voluntary escrow on December 7, 2006.

THE mining boom has one or two more years to run, according to a report from economic forecaster and industry analyst BIS Shrapnel.

Revenue mostly rentals. Commercial and residential – quality properties. Good systems in place Roz Baker: 9471 8163 or 0417 990 441 Fortune Business Marketing

Curtin University has appointed horticulturist Allyson Bowra as manager of parks and gardens.